GRE Renew Enertech Ltd
GRE Renew Enertech Limited is engaged in the business of solar energy solutions and LED lighting products.[1]
- Market Cap ₹ 144 Cr.
- Current Price ₹ 100
- High / Low ₹ 100 / 86.8
- Stock P/E 20.4
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 33.5 %
- ROE 26.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Debtor days have increased from 25.0 to 39.2 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 52.22 | 90.34 | 83.72 | |
| 50.03 | 78.86 | 74.24 | |
| Operating Profit | 2.19 | 11.48 | 9.48 |
| OPM % | 4.19% | 12.71% | 11.32% |
| 0.01 | 1.81 | 0.66 | |
| Interest | 0.31 | 0.39 | 0.32 |
| Depreciation | 0.37 | 0.27 | 0.35 |
| Profit before tax | 1.52 | 12.63 | 9.47 |
| Tax % | 41.45% | 21.62% | 25.77% |
| 0.89 | 9.91 | 7.03 | |
| EPS in Rs | 7.12 | 79.28 | 6.68 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
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| TTM: | -7% |
| Compounded Profit Growth | |
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| TTM: | -24% |
| Stock Price CAGR | |
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| Return on Equity | |
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| Last Year: | 27% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 1.25 | 1.25 | 10.52 | 10.52 |
| Reserves | 9.89 | 19.78 | 20.71 | 24.70 |
| 4.75 | 4.57 | 1.59 | 1.44 | |
| 35.76 | 23.52 | 12.64 | 6.11 | |
| Total Liabilities | 51.65 | 49.12 | 45.46 | 42.77 |
| 2.66 | 2.20 | 5.23 | 13.53 | |
| CWIP | 0.29 | 1.53 | 9.04 | 1.78 |
| Investments | 0.11 | 0.11 | 0.11 | 0.11 |
| 48.59 | 45.28 | 31.08 | 27.35 | |
| Total Assets | 51.65 | 49.12 | 45.46 | 42.77 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| -2.87 | 5.81 | 10.66 | |
| 5.97 | -0.63 | -10.22 | |
| -3.34 | -0.58 | -0.05 | |
| Net Cash Flow | -0.24 | 4.60 | 0.39 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 13.77 | 22.02 | 39.15 |
| Inventory Days | 33.06 | 25.12 | 24.09 |
| Days Payable | 8.00 | 2.92 | 25.29 |
| Cash Conversion Cycle | 38.83 | 44.21 | 37.95 |
| Working Capital Days | 49.63 | 49.29 | 49.13 |
| ROCE % | 58.47% | 33.52% |
Business Profile[1]
GRE Renew Enertech Limited is an emerging Indian renewable energy company primarily focused on solar EPC and RESCO-based solar power projects for industrial and commercial customers. The company designs, engineers, procures, installs, commissions, and maintains rooftop and ground-mounted solar PV plants.